Cobalt Company News Directory

Global Cobalt Settles Debt

Global Cobalt Corp. (TSXV:GCO,OTCBB:GLBCF,FRA:3P0) reported the issuance of shares for debt settlements with certain creditors, three of whom are directors and/or officers of the Company. The Company issued 1,047,300 common shares at a price of $0.05 per share.

Formation Metals to Complete PEA Regarding Battery Grade Cobalt Chemicals

Formation Metals Inc. (TSX:FCO) reported that it is moving forward with pursuing several opportunities resulting from the significant increase in the long term demand for cobalt used in rechargeable batteries. So far, the company has conducted internal studies to determine the viability of producing battery grade cobalt chemicals, developed a new mine plan and produced updated economics for its Idaho project.

Global Cobalt Completes Oversubscribed Non-Brokered Private Placement

Global Cobalt (TSXV:GCO,OTCBB:GLBCF) announced that it has completed an oversubscribed non-brokered private placement tallying $155,750. The company sold 3,115,000 units at a price of $0.05 per unit. Proceeds of the financing will be used for work on the company's Werner Lake project as well as its newly acquired Iron Creek cobalt project.

Bruce Power to Supply Nordion with Cobalt-60

Nordion Inc., a business unit of Sterigenics International LLC, announced that it has signed a multi-year agreement under which its partner, Bruce Power Limited Partnership, will supply it with cobalt-60.